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Comment Business & Economics

Metso acquires a globe valve technology company in South Korea  

By Gerald Ondrey |

Metso Corp. (Helsinki, Finland; www.metso.com) strengthens its offering for customers in oil-and-gas and power industries by acquiring a globe valve technology and service company, Valstone Control Inc. (Valstone; Chungju, South Korea; www.valstone.com). The acquisition enables Metso to expand its offering for the oil-and-gas and power industries with globe valve technology that plays a key role in most critical processes with extreme pressures and temperatures. Valstone Inc. is a privately owned globe valve and service specialist company. Valstone has an established customer base in Korean engineering, procurement and construction (EPC) companies and in domestic South Korean petrochemical and power generation industries. Valstone’s globe valves add to Metso’s current wide portfolio of control valves, making Metso one of the strongest control-valve suppliers. Metso has ambitious targets to develop its valve business and services. This acquisition is preceded by a series of investments in its global offering and presence, also testifying to Metso’s commitment to growth. Last year, Metso opened a new valve technology center in Finland. In 2010 Metso, opened a new valve facility in Shanghai, China, and is currently expanding…
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